Europe - The West can give leadership to a world desperately in need



Europe is a continent located primarily in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, and the Mediterranean Sea to the south. Europe is the second-smallest continent in terms of land area, covering approximately 10.18 million square kilometers (3.93 million square miles) or 2% of the Earth’s surface. However, it is the second-most populous continent, with an estimated population of over 740 million people.

History
Europe has a long and complex history that spans thousands of years. The ancient Greeks and Romans made significant contributions to Western civilization, which still influences modern-day Europe. The medieval period saw the rise of powerful kingdoms and empires such as the Byzantine Empire, the Holy Roman Empire, and the Ottoman Empire. The Renaissance, Enlightenment, and Industrial Revolution were all periods of innovation and progress in Europe, leading to significant advancements in science, art, and industry.

In the 20th century, Europe was the epicenter of two devastating world wars, which left millions dead and shaped the political and social landscape of the continent for years to come. Following World War II, Europe was divided into two ideological blocs: the Western Bloc led by the United States and the Eastern Bloc led by the Soviet Union. The Cold War lasted until the fall of the Soviet Union in 1991, and Europe experienced significant political and economic integration during this time.

Geography
Europe is the sixth-largest continent in terms of average elevation, with an average height of 292 meters (958 feet) above sea level. The highest peak in Europe is Mount Elbrus in Russia, which stands at 5,642 meters (18,510 feet) tall. The continent is home to a wide variety of habitats, including forests, grasslands, tundra, and ice caps. It is also home to several major rivers, including the Rhine, the Danube, and the Volga.

Climate
The climate of Europe varies widely depending on the region. In the north, the climate is generally cool and temperate, with colder winters and milder summers. The south has a Mediterranean climate, with mild winters and hot summers. The central and eastern parts of the continent have a continental climate, with cold winters and warm summers. Europe is also home to a variety of ecosystems, including deciduous forests, taiga, and tundra.

Culture
Europe has a rich and diverse cultural heritage, with distinct traditions, cuisines, and languages in each region. The continent is home to many of the world’s most famous art museums, such as the Louvre in Paris and the Uffizi Gallery in Florence. Europe has also played an important role in the development of classical music, with famous composers such as Mozart, Beethoven, and Bach all hailing from the continent.

Religion
Christianity is the dominant religion in Europe, with the Roman Catholic Church and the Eastern Orthodox Church being the two largest Christian denominations. Islam is the second-largest religion in Europe, largely due to the significant Muslim populations in Turkey and the Balkans. Judaism also has a significant presence in Europe, most notably in Israel and in several Eastern European countries.

Economy
Europe is home to some of the world’s largest and most developed economies, including Germany, France, and the United Kingdom. The European Union is a political and economic union of 27 member states, with a combined population of over 446 million people and a GDP of over €15.3 trillion. The EU is the world’s largest single market, and its policies and regulations have a significant impact on the global economy.

Tourism
Europe is one of the world’s most popular tourist destinations, attracting millions of visitors each year. The continent is home to many famous landmarks and attractions, such as the Eiffel Tower, the Colosseum, and the Acropolis. The Mediterranean coast is a particularly popular destination for beach holidays, while the Alps offer skiing and winter sports.

Conclusion
Europe is a continent with a rich history, diverse culture, and significant economic and political influence. Its contribution to the world in areas such as science, art, and music has left an indelible mark on human civilization. Despite the challenges faced by the continent in recent years, Europe remains a major global power and an important center of innovation, development, and cultural exchange.


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Explaining Uefa’s new Champions League changes

The Independent

23-05-15 11:16


UEFA has confirmed changes to the Champions League from 2024. Key changes include four more teams, bringing the total to 36 teams, and moving to a single league format. The league phase will determine an overall ranking and 16 teams will compete in the play-off round. UEFA also plans to award two extra places to the countries that performed best in Europe in the previous season, while overall there will be no barrier to certain clubs receiving an additional spot. The plans were met with some criticism by fans' groups.

https://www.independent.co.uk/sport/football/champions-league-reform-changes-uefa-2024-b2339039.html
Erdogan heads for momentous runoff in Turkish presidential election

RFI

23-05-15 11:04


Turkey's President Erdogan has declared he is winning Turkey's national elections, despite incomplete results indicating he did not gain enough votes to avoid a run-off. With 99% of votes counted, Erdogan's Justice and Development Party (AKP) won 42.5% of the parliamentary vote, while its closest rivals, the secularist Republican People's Party (CHP) won 22.6%. Erdogan has said he will "rapidly" begin actual work on the structure of the new executive presidency which was approved in an April 2017 referendum, ahead of the official transfer of power due in November 2019.

https://www.rfi.fr/en/international/20230515-erdogan-heads-for-momentous-runoff-in-turkish-presidential-election
Macron courts Tesla’s Musk and other investors to ‘Choose France’

The Globe and Mail

23-05-15 11:04


French President Emmanuel Macron has hosted the annual Choose France summit in the Palace of Versailles, where he invited business leaders including Tesla CEO Elon Musk. During the summit, the executives who attended pledged to invest a combined €13bn, marking the most significant amount since Macron first created the event in 2018. Although France had previously hoped Musk would build a European gigafactory within its borders, he chose to open one in Germany instead. However, French Finance Minister Bruno Le Maire is reportedly pitching tax credits for green technology investments to Musk at a summit lunch.

https://www.theglobeandmail.com/business/international-business/article-macron-courts-teslas-musk-and-other-investors-to-choose-france/
Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes

The Globe and Mail

23-05-15 10:57


The European Commission has said that Europe dodged a winter recession amid an energy crisis but warned that stubborn inflation may be hurting the economy. The forecast for growth for the 20 countries using the euro currency improved from 0.9% to 1.1% this year, according to the European Commission during its spring forecast. Europe had been expected to be hit by a winter energy catastrophe after Russia cut off most of its supply of natural gas to the continent at the height of the Ukraine conflict. However, the EU scrambled to line up new sources of energy, helped by mild weather and a reduction in consumption.

https://www.theglobeandmail.com/business/international-business/article-europes-economic-outlook-brightens-a-little-after-avoiding-recession/
EU lawmakers consider profit cap in case energy prices resurge

Reuters

23-05-15 10:36


Lawmakers in the European Parliament are considering a proposal to cap windfall revenues that result if Europe falls into another energy price crisis, and use the cash to cushion citizens from rocketing bills. They want to finalise a reform of the electricity market in 2016 to make the system more resilient in the face of price spikes such as those experienced following the crisis in the Ukraine last year, which exacerbated inequalities in Europe between wealthy and poorer nations.

https://www.reuters.com/business/energy/eu-lawmakers-consider-profit-cap-case-energy-prices-resurge-2023-05-15/
G7 host Japan seeks unity on threat from China

Financial Times

23-05-16 01:23


Japanese Prime Minister Fumio Kishida’s key aim during the annual G7 summit this weekend is to establish a united G7 response to China's military ambitions and "economic coercion," as the country continues to seek closer ties with NATO and imposes sanctions against Moscow as a result of the ongoing war in Ukraine. China’s interventionism has driven Japan to adopt a very cautious approach, revamping its military organisation and increasing security cooperation with nations in Southeast Asia and Europe. However, it is anticipated that the G7 will not agree on any specific new economic tools of security, and crucially, China will not be named in the statement. This widespread caucus approach aims to support countries being bullied by China rather than being completely focused on an offensive strategy. The EU, as well as other G7 members, remain very reluctant to adopt a more antagonistic stance, preferring to improve relations with emerging economies, particularly from Asia, Africa and South America.

https://www.ft.com/content/0998ac9a-58eb-44e2-b362-42cf5a0d468b
Ukraine authorities expose piles of cash in Supreme Court corruption probe

Reuters

23-05-16 00:28


The National Anti-Corruption Bureau of Ukraine (NABU) said it is investigating large-scale bribery in the Ukrainian Supreme Court system but did not name anyone suspected of wrongdoing. NABU did release a photograph of wads of dollars placed neatly on a sofa, however. Online publications Dzerkalo Tyzhnia and Ukrayinska Pravda said but did not name officials who reported that Supreme Court Chief Justice Vsevolod Kniaziev had been detained over suspicions he accepted a bribe of $3m. The money was believed to come from supporters of a court decision in April favouring Kostyantyn Zhevago’s pellet producer, Ferrexpo Plc.

https://www.reuters.com/world/europe/ukraine-authorities-expose-piles-cash-supreme-court-corruption-probe-2023-05-16/
Air defence systems repelling attacks on Ukraine early Tuesday - officials

Reuters

23-05-16 00:16


Air defence systems in Ukraine were reportedly repelling Russian air attacks on Kyiv and other places, according to Ukrainian officials and witness reports. The head of the president's office confirmed that air defence was responding to targets, while military administration officials said that air defence systems were repelling attacks on the capital. Witness reports suggested several blasts were heard that sounded like air defence systems destroying objects. No further details were given by officials.

https://www.reuters.com/world/europe/air-defence-systems-repelling-attacks-ukraine-early-tuesday-officials-2023-05-16/
Belarus state media publish photo of Lukashenko following health speculation

Reuters

23-05-15 23:15


Belarusian President Alexander Lukashenko has made his first public appearance in almost a week, after speculation over his health. A Belarusian state news channel released a photo of Lukashenko at a military command centre with a bandage on his left hand. He was last seen in public on 9 May at Victory Day events in Moscow and Belarus. Unofficial reports suggested he had been taken to a medical facility.

https://www.reuters.com/world/europe/belarus-state-media-publish-photo-lukashenko-following-health-speculation-2023-05-15/
In European Tour, Zelensky Reaps Billions More in Promised Military Aid

NY Times

23-05-15 23:00


Germany has pledged to give Ukraine a nearly $3 billion package of weapons, as well as making less concrete promises of additional weapons from France and Italy. The United States remains by far the largest supplier of weapons to Ukraine but support for Ukraine in the US is likely to come under pressure. US white house officials have said privately that they remain confident they have bipartisan support in Congress to continue helping Ukraine in the near term. The European Union package of aid includes long-range missiles, attack drones and tanks, and other armoured vehicles, which will fulfill many but not all the demands for weapons that Ukraine has said it needs for a counteroffensive. Military analysts have said the European reinforcements make it highly likely that Ukrainian troops forces will soon strike back at Russian forces that control the country’s south. The European Union's show of support for Ukraine underscores that the war is in a pivotal phase, with Ukrainian forces massing for a counteroffensive that could set the terms for any future negotiation with Russia.

https://www.nytimes.com/2023/05/15/world/europe/ukraine-war-zelensky-foreign-aid.html?searchResultPosition=1
Too much demand, not enough supply. Global airfares set to stay sky high into 2024

South China Morning Post

23-05-16 06:00


Air travel is becoming more expensive post-pandemic, with most regions affected. The Asia-Pacific area has seen the highest prices increases - up to 33% more than in 2019. Europe has seen a 12% increase, while North America is at 17%. The closure of airspaces, labor shortages, and rising fuel costs are all affecting the supply of seats and contributing to the price increases.

However, the demand for international travel is strong, so travelers on the higher end of the income spectrum are paying for the higher prices. Domestic tourism revenues have also jumped in China, surpassing pre-pandemic levels to 101% during a recent holiday period. China’s theme parks are also said to be bouncing back to pre-pandemic levels as pent-up travel demand sparks a tourism boom.

International airlines saw a plunge of just 12.4% in passenger numbers in Q1 of 2023 compared to Q1 of 2019, due to lingering concerns over Covid-19 and tensions with the US and Europe. Chinese island Hainan saw a return of interest in its high-end consumption market, with foreign brands flocking to catch the post-Covid economic recovery.


https://www.scmp.com/economy/global-economy/article/3220685/global-impact-demand-outstripping-supply-eager-travellers-have-their-wings-clipped-amid-post-covid

Sweden’s move to block foreign investments worries businesses

South China Morning Post

23-05-16 05:51


The Swedish government is set to announce a proposal on parliamentary veto power over foreign investment, as part of a suite of moves that may face opposition from the local business lobby. SVT's report of Sweden having 1,500 Chinese-owned firms, including Volvo, has been highlighted in discussions on the upcoming legislation. The new measures will put Sweden closer in line to other European nations that already employ similar security provisions. However, critics predict that the new laws could create a negative impact on global trade and that too much bureaucratic red tape and investment hurdles may scare companies and investors away.

https://www.scmp.com/business/article/3220702/swedens-move-block-foreign-investments-worries-businesses
EU top diplomat calls on bloc to court developing countries

Financial Times

23-05-16 05:18


The EU's chief diplomat, Josep Borrell, has called for a tailored approach to reaching out to countries in the developing world, and has urged the EU to accept that these countries will not take sides in disputes such as that between Russia and Ukraine. Borrell's comments come ahead of a G7 summit in Japan, a meeting that will aim to persuade developing countries to align themselves with the G7 in condemning Russia's actions. Borrell added that Europe would need to work hard to gain the trust and respect of developing nations.

Research suggests that Europe’s desire to plough billions of dollars into gas infrastructure banks on a future that may not materialise. Even if energy becomes cheaper, gas consumption is set to fall in Europe, with the fossil fuel infrastructure being seen as unnecessary by 2030 by some. The push towards renewables due to environmental concerns will coincide with a reduction in gas consumption, which could decrease by almost a third in a low price scenario. Politicians have argued that much of the gas infrastructure can be converted for use in the production of green hydrogen produced by renewable power, however, engineers have warned this may not be a cost-effective investment.


https://www.ft.com/content/c87a3208-8816-4144-860a-4a27d6f5baeb

Greek election: five questions for markets

Reuters

23-05-16 05:14


Greece's general election looks set to be inconclusive, creating short-term uncertainty for the market. However, an economy in a stronger position than when Syriza won in 2015 may mean a win by the opposition party will not worry the markets. The cost of living crisis is the biggest issue for voters, with inflation eroding consumers' purchasing power. Greece's long-term borrowing costs are around 4%, lower than Italy, while investors see Mitsotakis, the incumbent prime minister, as steady, given his strong relationships with the US and Brussels.

https://www.reuters.com/markets/europe/greek-election-five-questions-markets-2023-05-16/
Morning Bid: Europe has a data fest, and growth worries

Reuters

23-05-16 05:07


Tuesday sees a busy day for European markets with preliminary growth data for the eurozone, Italian inflation, jobless numbers for the UK and the German ZEW survey on economic sentiment due to be released. Analysts expect tepid eurozone GDP numbers, while the German economy will be in the spotlight, as the situation was seen as relatively negative last month. With a June rate rise by the European Central Bank looking likely, UK labour market data will also be examined to get insight into headline pay growth. Meanwhile, the US faces its usual drawn-out debt ceiling debate.

https://www.reuters.com/markets/europe/global-markets-view-europe-2023-05-16/
German court convicts five men for $100 million jewel heist in 2019

Washington Post

23-05-16 10:05


Members of the Remmo clan have been sentenced to between four years and six years in prison for a daring $108m heist in 2019 which saw a break-in at Dresden’s Royal Palace’s Green Vault museum, on of Europe’s most notorious and daring jewel heists ever. Several missing valuable pieces are still to be recovered, including a breast star of the Polish Order of the White Eagle, a jewel-encrusted sword and an ornate headpiece covered in 4,300 diamonds. The case has seen six members of the clan arrested with a further 40 believed to have been involved and still at large. The Remmo gang is believed to be part of Berlin’s clannish organised crime scene that survives often by working in family groups. The sentence meted out to them is seen as relatively lenient, particularly given what it seen as the gang’s failure to cover its tracks – an electric saw that ultimately failed to penetrate the alarm-proof display case is seen by many to have been left behind deliberately as a red herring. Reactions to the sentencing suggest it might not discourage other crime families from getting involved in such criminality.

https://www.washingtonpost.com/world/2023/05/16/germany-jewel-heist-convicted-sentence/
German investor morale plunges as recession fears rise

Reuters

23-05-16 09:56


Investor sentiment in Germany fell more than expected in May, pointing to a worsening economic situation over the next six months. The decline has fuelled fears of a mild recession, the first time the ZEW economic research indicator has fallen into negative territory since December 2022. Factors cited include weak macroeconomic data, ongoing interest rate rises, turmoil in the banking sector and the US debt ceiling debate.

https://www.reuters.com/markets/europe/german-investor-morale-plunges-recession-fears-rise-2023-05-16/
EU to curb In­di­an fuel im­ports made with Russ­ian oil: Re­port

Al Jazeera

23-05-16 09:50


The EU has publicly criticised India's role in the evasion of Western sanctions on Russia by reselling Russian crude oil to Europe as refined fuel, including diesel. Such curbs could affect India's economy substantially as refined petroleum is its top export. India emerged as a top buyer of Russian oil following Moscow’s full-scale invasion of Ukraine in 2022, importing more than a fifth of the country's overall fuel imports in fiscal 2022/23. Reports have cited mounting evidence of Indian firms buying and refining Russian oil to sell on to Europe. Access to such crude oil has boosted Indian refineries' output and profits.

https://www.aljazeera.com/news/2023/5/16/eu-to-curb-indian-fuel-imports-made-with-russian-oil-report
Stars and highlights of the 2023 Cannes film festival

Deutsche Welle

23-05-16 09:49


The 76th edition of the Cannes Film Festival is set to open with the film "Jeanne du Barry," starring Johnny Depp. Other notable film entries into the competition include "Indiana Jones and the Wheel of Destiny" and "Killers of the Flower Moon" directed by Martin Scorsese. The festival will also feature a record number of female directors, with six entries. The festival runs from May 16-27.

https://www.dw.com/en/stars-and-highlights-of-the-2023-cannes-film-festival/a-65583905